EOSUST trade ideas
EOS Mandel 3.1 Hardfork Details and TAHello friends.
Today im going to tell you some details about EOSIO Mandel 3.1 hardfork.
without wasting time lets go...
First lets see what is EOS Network?
The EOS Network is a 3rd generation blockchain platform powered by
the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions;
purpose-built for enabling optimal web3 user and developer experiences.
EOS is the flagship blockchain and financial center of the EOSIO protocol, serving as the driving force behind multi-chain collaboration
and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).
On Wednesday September 21 2022 EOS block producers will begin carving a new path toward self determination
by executing a coordinated consensus upgrade to Mandel 3.1.
Anyone running a node must upgrade their nodes before September 21 to continue syncing with the network.
The coordinated consensus upgrade to the Mandel 3.1 release includes priorities guided by network consensus.
With this release a coalition of EOSIO networks officially replaces the previously inattentive EOSIO developers
with the EOS Network Foundation (ENF) core development team.
This emancipation enables cross-chain collaboration and pushes the network into the future.
The Mandel upgrade represents the network assuming ownership of its own codebase.
As guardians of the network, block producers on EOS assume responsibility for stable network upgrades.
However with consensus upgrades all nodes in the network need to be updated.
I show the new Roadmap of EOS in chart.take a look.
Technical Considerations:
After a very important support level at 1.60 breaked down the price decreaced to 0.8 level.
but now price recover its loses and com back to this important level.
i think we have 2 possible scenario:
1)If BTC and TOTAL market cap of cryptocurrencies increase in coming days , EOS price can surpass
this level and 200MA and after that running for targets at 2.40 , 3.50 , 4.80.
4.80 is a longterm target but is very important level.because this price located at 61.8% RET Fibo of past price leg
and exactly POC (point of control).
so if we rally up , this targets are possible.
2)If total marketcap fall according to increase Intrest rate by Federal Reserve of any Macro happening ,
EOS price will reaction to this level as a resistance and fall down again.
So you can wait and see what happen.
if price consolidate above this level and you see some signs of growing , you can Enter the market
But if price cant go above this level and behave as a resistance you should stay away now and in lower
levels you can enter this project for investing.
DONT forget to set a Stoploss for your Purchases.
We are in a Risky market and must be careful...
I hope all of you have Healthy and great time.
EOSUSDT is testing the dynamic resistancethe price is testing the 4h dynamic resistance below the daily resistance on 1.9$ where the price had a rejection.
How to approach it?
IF the price is going to have a breakout from the dynamic resistance and retest the daily structure as new support, According to Plancton's strategy, we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
price is retracing frm a trendline and fib levelBiased short
for a quick short profit
Risk reward 1:64
.Bullish indications
1)uptrend .hh and hl
2)channel up market
bearish indications
1 price is closing near fib
2 and daily snr
3 rsi is over bought
4 upper trendline rejection
plan 1 for short
short frm here and continue to the next trendline support
plan 2
buy after trendline breakout and continue to the next fix level or next possible hh
EOS cup and handle can rise price to $3#EOS/USDT
$EOS shaped a cup and handle pattern.
now price is below upper line of descending channel that can be considered as handle, and it is the same with neckline.
🐮 break out from neckline or upper line of channel can increase price as high as cup which is around $3.
🐻 break down from 0.5 fib level will invalidate this scenario.
EOS (EOS) - September 8Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(EOSUSDT 1D Chart)
1st resistance: 1.732
2nd resistance: 2.120-20386
1st support: 1.328
2nd support: 0.911-1.003
In order to switch to an uptrend, it must rise above the 2.120-2.386 section.
If it gains support above 1.732, I would expect it to break out of the medium-term bearish channel.
If you find resistance at 1.328, it could lead to further declines, so you should think about countering.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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EOSUSDT | HOLDING SUPPORTEOSUSDT is trading in a bullish trend. the price has keep holding a long rising trendline. The price is now trading near the falling resistance. The bulls will take charge above the break of resistance.
The bears will be in control only below break of rising trendline.
Trade your levels accordingly.
EOS- Performing Ok but market is in dangerHi everyone,
apologies for not being very active lately.
To be honest with you this has ended up being one of the worst trading periods for me, the last 6-7 days I also felt like i was in the Matrix. Thankfully my forex trading went well but that's another story.
Anyways, EOS performing much better than BTC and ALTS and here is my updated chart, might be of help, just keep in mind that the market is scaring me today and I am out completely until i see something worth posting here.
Regardless, i will share updated charts with you all today and various ALTS.
One Love,
The FXPROFESSOR